OREANDA-NEWS. National Rating Agency has affirmed its 'AA+' reliability rating on TRANSFINGROUP Asset Management (TRANSFINGROUP AM). The outlook for the rating is positive.

The rating affirmation reflects the company's persistently strong position in the non-state pension fund (NSPF) market, high profitability, strong liquidity position and low-risk assets under management (AuM). TRANSFINGROUP AM is noted for its highly efficient management of customers' portfolios. The company has an efficient risk management system, and we give credit to the skills and experience of its senior management and personnel. The risk management system is continuously evolving. NRA could consider an upgrade after a more careful assessment of the company's risk control system.

The rating continues to be constrained by the company's low capital adequacy relative to AuM. Concentration by business line is regarded as higher than desirable, and the level of related-parties' funds in total AuM remains high.